Venezuela-Related General License 47

Posted 2/6/26

  Treasury’s Office of Foreign Assets Control (OFAC) on February 3 issued Venezuela-related General License 47 (GL 47), authorizing transactions ordinarily incident and necessary to the export, sale, and delivery of U.S.-origin diluents to Venezuela, including dealings with the Government of Venezuela and state-owned Petróleos de Venezuela, S.A. (PdVSA), subject to specified contractual, payment, and reporting conditions. 

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